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OLIVETTE UNIVERSITY CITY I-170/OLIVE BOULEVARD JOINT REDEVELOPMENT TASK FORCE EXECUTIVE SUMMARY In May 2009, the I-170/Olive Boulevard Joint Redevelopment Task Force (Task Force) was tasked by the City Councils of University City and Olivette to explore redevelopment opportunities and joint initiatives in the Olive Boulevard corridor on the east and west sidesof the intersection with I-170. Our assignment had many components. We were to discuss similarities and differences between the communities relating to long-range redevelopment goals and objectives; develop principles and goals to guide redevelopment in both communities; solicit expert opinion about the redevelopment principles and make appropriate adjustments; develop action stepsto accomplish the long-range redevelopment principles and goals; identify experienced developers; and explore available financing and potential joint governance mechanisms. With the exception of identifying experienced developers, which we believe is premature at this juncture, we have completed our assignment. Our findings indicate that the target area, including the existing land use types and businesses, which have long existed in both communities, is stagnant. Privately-led efforts to rejuvenate the area have not been successful. Over the past several decades, there have been multiple redevelopment attempts which have failed to materialize due to complications in land assemblage, financing, or obtaining the necessary political support. Failure to capitalize on the recent interchange improvements will have long-term consequences to the future image and investment in both communities. Continuing with the status quo as it relates to each community maintaining, planning, and redeveloping the area independently is not recommended. Without a major catalyst to energize property owners to work towards a common vision for the future, we recommend that the cities of Olivette and University City continue to work together. These collaborative efforts should result in a framework for redevelopment of the area that exploits the existing and future transportation improvements. In terms of the next step, we believe the most effective means for a coordinated redevelopment approach is for both the communities to developan Intergovernmental Agreement. Among other items, this Intergovernmental Agreement should address: economic incentives; marketing and promotion; revenue sharing that recognizes the current sales tax structure; common zoning regulations, including: complimentary architectural designand site development standards, o common streetscape standards, o a form-based code or other appropriate zoning mechanism for regulating o developments reflective of the vision for the area; and acontemplated master planto be developed in the future, though the o Intergovernmental Agreement itself need not contain a master plan. After the two cities develop the framework and parameters for the Intergovernmental Agreement, the Task Forcerecommends that the next joint steps be as follows: continue to usethe Saint Louis County Economic Council, the Urban Land Institute, the private development community and othersas resourcesto solicit “anchors” for redevelopmentof the area; and actively pursue Saint Louis County, including the Economic Council, East-West Gateway Council of Governments, Metro, the Missouri Department of Transportation, and the Great Rivers Greenway District, to partner, invest and plan for redevelopment of the areas surrounding the interchange. While these recommendations are being considered and pursued, both communities should continue the collaborative efforts that reflect the mission of this Task Force. Should any future group be formed to I-170/Olive Joint Redevelopment Task Force Final ReportPage 3of 17